New rules regulate proxy adviser behavior, including a requirement that they ensure investors see opposing views. Proxy firms can be legally liable for compliance failure.
Multinational companies with subsidiaries around the world should consider different approaches to the selection of the board of directors/managers, as well as potential pitfalls to overcome with implementing the new slate.
When businesses get desperate and covenant violations seem imminent, disputes between lenders and borrowers (and their private equity sponsors) get heated.
